Eni Novamont form bio refinery joint venture in Italy

Eni and Novamont form bio refinery joint venture in Italy

12:38 PM, 18th June 2011
Eni and Novamont form bio refinery joint venture in Italy

ROME, ITALY: Eni and Novamont Spa signed a joint venture that, under the banner of Green Chemistry, they will relaunch one of the key areas of research and innovation of the Italian economy.

The NewCo’s mission will consist in designing, building and managing a new Green Centre at the Porto Torres petrochemical plant - owned by Polimeri Europa/Syndial (Eni).

Under the agreement, Novamont technologies and renewable raw materials will be used to build new production facilities for bio monomers, bio lubricants, bio fillers, bio intermediates/additives for elastomers and bioplastics. It will be the world’s first bio refinery integrated into the local area.

The project aims to exert a positive influence on the entire national chemical industry, starting up a virtuous approach based on technological innovation and sustainability. A major innovation of the project will be supply chain integration with the development of local crops.

Eni (through Polimeri Europa) and Novamont, via the NewCo, plasn to build new € 500 million facilities at the “Porto Torres Green Centre.”

Through this strategic alliance between Polimeri Europa and Novamont, Eni believes that it can become a world leader in the bioplastics sector and a 100 per cent Italian leader. This will be the springboard from which Eni will build one of the world’s largest and most innovative chemical centres from renewable sources.

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